Sienna Equipment Corporation acquired the following equity investments at the beginning of Year 1. Sienna does not have significant influence over the investees. Both companies are publicly traded. ( Data: Number of shares: Jeffress company - 10,650; Frost Group - 8,355 Market price per share: Jeffress Co. $48; Frost Group $91 Share acquisition price: Jeffress Co. $511,200; Frost Group $760,305) Share prices at the end of Years 1 and 2 are presented below. (Data: Fair Value Jefferess Co. Frost Group End Yr 1 $54 $82 End Yr 2 $49 $87) Requirements: A. Prepare the journal entry to record the acquisition of the investments. B. Prepare the journal entry to record the end of Year 1 fair value adjustment. C. Assume that Sienna sells 5,600 Jeffress Co. shares for $56 per share at the beginnning of Year 2. Prepare the journal entry required to record the sale. Sienna does not correct the fair value adjustment account at this time. D. Prepare the journal entry to record the end of Year 2 fair value adjustment.